U.S. stock futures fell Tuesday as rates ticked higher, zapping momentum from a tech-led jump in the previous session. Dow Jones Industrial Average futures lost 136 points, or 0.4%. S&P 500 futures dipped 0.4%, and Nasdaq 100 futures slipped 0.5%. Shares of Juniper Networks popped more than 23% in premarket trading Tuesday after a report said HPE could announce a deal to acquire the networking hardware company for about $13 billion as soon as this week. Unity Software’s stock price gained 3% after the company said it would lay off roughly 25% of its workforce, and Netflix shares declined 1.9% on a Citi downgrade. Those moves come after a strong trading session for equities. The S&P 500 and the Nasdaq Composite on Monday rallied more than 1% and 2%, respectively, as mega-cap tech stocks bounced from last week’s declines. Nvidia shares reached an all-time high, climbing 6.4% during the session. Even the 30-stock Dow ended the day more than 200 points higher, or 0.6%. The index overcame a sharp drop in Boeing shares following news over the weekend that the company’s aircraft would be temporarily grounded. Mega-cap tech stocks outperformed as investors bought the dip after last week’s selloff. Investors were worried major names such as Apple could underperform after their market leadership last year, but other traders expect the outlook for tech stocks remains bright. “The market’s really trying to figure out how many cuts we’re going to have this year, and for us, we believe that more equities will see all-time highs at the end of 2024,” said AJ Oden, global investment strategist at JPMorgan Private Bank. “And the reason for that is we believe that technology will have a pretty strong year, and that’ll sort of add to that that tailwind that we’re seeing in equities into the end of the year.” Later this week, investors will parse through a pair of key inflation readings to gain clarity into the path forward for rate cuts from the Federal Reserve. The December consumer price index is set for release Thursday, followed by the producer price index on Friday. U.S. Treasury yields were higher on Tuesday as investors weighed the state of the economy ahead of key inflation data due later this week. The yield on the 10-year Treasury was more than 4 basis points higher to 4.047%. The 2-year Treasury yield was last more than 3 basis points higher at 4.381%. Asia-Pacific markets mostly rose Tuesday, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks. The index rose 1.16% to close at its highest level since March 1990 at 33,763.18. The Topix advanced 0.82% to end at 2,413.09. Austrailia’s benchmark S&P/ASX 200 index climbed 0.93%, closing at 7,520.5 and snapping a four-day losing streak. South Korea’s Kospi slipped 0.26% to 2,561.24, the only benchmark index in negative territory as heavyweight Samsung Electronics cut its earnings forecast for the fourth quarter of 2023, while the small-cap Kosdaq gained 0.6% to end at 884.64. Hong Kong’s Hang Seng index inched up 0.34%, while the mainland Chinese CSI 300 was up 0.29%. Oil prices rose on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. Brent crude futures rose $1.32, or 1.73%, to $77.44 a barrel at 1049 GMT, while U.S. West Texas Intermediate crude futures gained $1.25, or 1.77%, to $72.02 a barrel. Gold prices rose on Tuesday after touching a three-week low in the previous session as traders reassessed interest rate cut expectations from the Federal Reserve after a report showed consumers expect lower inflation this year. Spot gold was up 0.5% at $2,037.50 per ounce, as of 1032 GMT, after hitting its lowest level since Dec. 18 on Monday. U.S. gold futures rose 0.5% to $2,043.90 per ounce.